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Sunrise Resources Receives Positive Trial Results From CS Project.

(Alliance News) - Sunrise Resources PLC on Wednesday announced successful proof-of-concept perlite processing trials and expansion of horticultural-grade perlite in further customer trials.

Sunrise shares were trading 26% higher in London on Wednesday at 0.11 pence each.

Sunrise said it is progressing a low-capital-cost concept at its CS pozzolan-perlite project in the US state of Nevada to produce a horticultural grade raw perlite and by-product finely crushed natural pozzolan, using mobile processing equipment.

Sunrise said a seven-ton bulk sample of perlite was processed to produce a horticultural grade raw perlite and a finely crushed perlite for sale as natural pozzolan.

Perlite is used to retain moisture in soil for plants.

Looking ahead, the AIM-listed company said larger trial is planned for a 100-ton bulk sample already collected to produce larger amounts of horticultural-grade perlite for supply to a wider range of potential customers.

Horticultural-grade raw perlite is a higher price perlite product and typically sells for around USD100 per tonne.

"This is an important step in proving the concept for a low capital cost start for perlite and natural pozzolan production at the CS project," said Executive Chair Patrick Cheetham.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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Publication:Alliance Newswire
Date:Aug 14, 2019
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